Foreign exchange: SBP’s reserves up 0.13% week-on-week
Last month, the SBP had received $370 million from multilateral, bilateral and other official sources. PHOTO: FILE
KARACHI:
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 0.13% on a weekly basis on July 29, according to data released by the central bank on Thursday. SBP’s liquid foreign exchange reserves increased $24 million to $18,061 million compared to $18,037 million in the previous week.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $22,978.5 million while net reserves held by banks amounted to $4,918 million.
Four weeks ago, SBP-held reserves increased 7.8% on a weekly basis after it received $1,340 million from multilateral, bilateral and other official sources that included $501 million from the IMF, $502 million from the World Bank and $307 million from the ADB.
Last month, the SBP had received $370 million from multilateral, bilateral and other official sources.
Original news : http://tribune.com.pk/story/1156057/foreign-exchange-sbps-reserves-0-13-week-week/